Price Position and Structural State
Ravencoin (RVN) closed at 0.003024 USDT on August 29, 2026, down 2.04%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.002551 USDT, with resistance near 0.00441 USDT. A daily close below 0.002551 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
RVN is trading below all key moving averages. MA20 at 0.0030374 USDT stands as the first moving-average resistance area to watch. Price sits 11.50% below MA50, within its historical distance range of -59.40% to 141.69%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
RVN shows moderate trading friction, with a 3-day friction score of 45.8. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell sharply -10.10% in one day, showing a major reduction in futures exposure. OI sits near the middle of its 60-day range, so the move reduces leverage from a normal base rather than clearing an already crowded leverage base.
Funding is negative on the 24-hour average at -0.022117%, with the 7-day average also negative at -0.018387%. This shows sustained short-side cost pressure across both short and medium windows.
The long/short ratio is 1.46, showing more long accounts than short accounts. It sits near the middle of its 60-day range, so this is a long tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
RVN shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.453 | 0.978 | 0.206 | Moderate linkage |
| 60D | 0.456 | 0.89 | 0.208 | Moderate linkage |
| 180D | 0.593 | 0.797 | 0.351 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
RVN is moving more day to day, but participation remains weak. ATR% reads 8.28, near the lower side of its full historical range, while Bollinger Band width% reads 37.59, near the middle of its full historical range. 20-day Volume Z-score is -0.82.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +7.39%, while RSI is 43.57.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. RVN has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For RVN, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.00441 USDT establishes a bullish regime, while a daily close below 55-day support at 0.002551 USDT confirms a bearish regime.